TAR50-Is AI Hurting Small Business - The Amato Report

Rick Amato sits down with Lloyd Chapman, founder and president of the American Small Business League, to expose a looming crisis that could reshape the U.S. economy. Chapman warns that AI could wipe out up to 80% of American jobs within a decade, echoing Elon Musk’s dire predictions. He argues that the nation’s job engine—small businesses, which account for roughly 98% of all firms and the overwhelming majority of net new jobs—faces a double‑edged threat: rapid automation and a Washington agenda to redefine “small business” in a way that would funnel federal contracts to massive, politically connected firms.The conversation dives into the stark contrast between a federal budget that still pours billions into foreign aid and a crumbling Small Business Administration, whose resources have shrunk to a fraction of their Reagan‑era levels. Chapman links soaring national debt—$40 trillion and climbing by $100 000 every second—to a fiscal path that could jeopardize the nation’s solvency, while AI‑driven layoffs at giants like Amazon and the rise of self‑service kiosks illustrate the speed of disruption.Listeners hear vivid anecdotes: empty checkout aisles, driverless Uber‑style cabs, and the looming prospect of autonomous trucks that could erase roadside economies. Chapman’s courtroom record—over 110 Freedom of Information Act lawsuits won with a 98.5% success rate—underscores his claim that the government is prioritizing elite interests over the 99.9% of firms that keep America working. The episode ends with a call to action, urging citizens to demand policies that protect small‑business jobs and keep tax dollars at home.Will Washington’s proposed redefinition of small business and its continued foreign‑aid spending doom the sector that creates most American jobs? Tune in for a hard‑hitting, data‑driven look at the AI‑induced employment apocalypse and what it means for the everyday entrepreneur.

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